Category: Personal Finance
Personal finance and money management can be very confusing. Most people know that optimizing their finances is important but few feel confident that they have the knowledge to do so.
At Fioney we stay on top of the latest economic trends, financial products, and money management strategies in order to provide the knowledge to help you use the money you have today to live the life you want.
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Personal Finance
Personal Finance
Robinhood Pulls Sports Event Contract Feature Due to CFTC
After announcing that customers would be able to purchase event contracts tied to the outcome of the "Pro Football Championship," Robinhood has abruptly reversed course. What's happening: Earlier this week, Robinhood revealed that approved users would be able to purchase event contracts centered around what they called the "Pro Football Championship" (known to most as the Super Bowl). With this feature, customers could buy contracts that would pay out if...
Personal Finance
Insurtech Platform Orion180 Launches FLEX Home Insurance
The insurtech firm Orion180 has unveiled its latest home insurance product. About FLEX Home Insurance: Orion180 has introduced a new home insurance product called FLEX. According to the company, these policies are fully customizable and can be tailored to a customer's needs. With FLEX, customers can select specific coverage options. For example, a policyholder might start with basic coverages, including fire and lightning damages but then select additional perils, such...
Personal Finance
Wise Becomes Latest FinTech Fined By CFPB
The Consumer Financial Protection Bureau (CFPB) has ordered the FinTech remittance app Wise to pay nearly $2.5 million due to allegedly misleading customers about fees. About the order: Last week, the CFPB announced that Wise would pay more than $2 million after the agency found that the service had advertised inaccurate fees and failed to disclose other expenses. This total includes approximately $450,000 in redress that will be funneled to...
Personal Finance
Real Estate Transaction FinTech Closinglock Raises $34 Million
A FinTech that helps prevent fraud in the real estate transaction process has raised a new round of funding. About the round: This week, Closinglock revealed that it raised $34 million. The Series B was led by Sageview Capital with Headline and RWT Horizons also participating. To date, the company has now raised a total of $50 million, including a $12 million Series A one year ago. With these new...
Personal Finance
T-Mobile Money Changing Partner Banks in April
T-Mobile has announced that its banking account platform will soon switch partner banks. About the change: In an email to customers, T-Mobile Money revealed that funds held with the service would be moving from Customers Bank to Coastal Community Bank. With this change happening on April 1st, 2025, current users will need to opt-in to having their funds transferred. T-Mobile advises that this approval must be done by March 18th....
Personal Finance
Visa Reportedly Partners with X for Upcoming X Money Platform
X (formerly Twitter) is expanding into payment options — and has brought Visa on board for the project. About the partnership and X Money: As CNBC reports, Visa has formed a partnership with X as the social media network continues its evolution into what owner Elon Musk has called an "everything app." Visa is said to be the first partner of X Money — a platform that will include a...
Personal Finance
